Home Depot (HD) Q4 earnings 2022

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A customer loads plywood to a truck outside a Home Depot store in Galveston, Texas, on Tuesday, Aug. 25, 2020.

Scott Dalton | Bloomberg | Getty Images

Home Depot is set to report their fourth-quarter earnings before the bell Tuesday.

Here’s what Wall Street is anticipating, based on a survey of analysts by Refinitiv:

  • Earnings per share: $3.28 expected
  • Revenue: $35.97 billion expected

The home improvement retailer has repeatedly beat the Street’s expectations over the last year, even as it weathered record levels of inflation, a shift in consumer behavior and a housing market slow down.

Investors will be looking to see if Home Depot will be able to keep that momentum up amid a tougher consumer backdrop and an increase in promotions, which could hit the company’s margins.

A year earlier, the company posted $35.72 billion in sales and net income of $3.35 billion, or $3.21 per share. At the time, the company was still benefiting from a lot of Covid-era demand where stuck-at-home consumers used their discretionary dollars to spruce up their homes and professionals spent their time renovating flip jobs.

These days, shoppers are using their discretionary dollars towards experiences and travel as many burn through their savings amid consistent inflation.

However, with record-high interest rates keeping many people from buying new homes, some consumers may look to renovate the houses they’re currently in instead of moving, which could prove beneficial for the retailer.

The company will host an earnings call with investors at 9 a.m. ET.

#Home #Depot #earnings

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